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Is your school office looking to improve their documentation process? Documentation of all financial transactions is essential for the following reasons: Verification of Transactions: Documentation helps in verifying the authenticity of transactions. It provides a record of the payment details, including the amount, date, and parties involved. This verification is crucial for ensuring that the […]

In an era where digital payments reign supreme, schools must make security a top priority to protect their financial interests and maintain student trust. Credit card transactions are a cornerstone of modern commerce, but they also present opportunities for fraud. In this blog post, we’ll explore essential strategies that schools can use to keep credit

In today’s digital age, electronic payments have become increasingly prevalent, offering convenience and efficiency for businesses and customers alike. However, with the rise in eCheck transactions, the risk of fraud has also increased. As a business owner, it’s crucial to take proactive measures to protect your organization from eCheck fraud. In this article, we will

In today’s environment of mobile payments and digital wallets, here’s what students (and parents) want when it comes to tuition payment! Schools are catching on and offering a wider range of payment options. 24/7 Online Access – Convenience is key. The most important feature is self-payment from any device at any time. With an online

It’s no surprise that cyberattacks cost businesses billions of dollars. While no one wants to imagine the worst case scenario, it’s crucial for schools to avoid the ‘secure enough’ attitude where there is not a culture of safe, secure practices. With remote work becoming normalized due to the covid-19 pandemic, schools need to be aware

In today’s world, more and more businesses are moving to online payments. Electronic payments are a given to Gen Z, and this trend continues to gain momentum. Here are the top benefits that schools report after offering electronic payments: 1.) Convenience Increase cash flow with same day funding to your school’s bank account. Payments can

What are chargebacks and how do they work? A chargeback is the reversal of a transaction back to the payer. This differs from a refund in that chargebacks are initiated by the payer’s bank when a transaction is disputed or marked as fraudulent. This sometimes happens if a student does not recognize the charge and

Should small schools use online tuition software? With a smaller volume of students, schools may wonder if it is worth the investment. Here are some benefits of an online tuition payment system schools should keep in mind when considering adopting a new system. Fewer front office office resources. Consider the cost savings of a slimmer,

Student debt. Some families assume it’s a fact of life, and don’t think twice before taking out their loans. For others, it is the single biggest obstacle for attending – and completing college. There’s lots of talk about how recent graduates are still struggling to pay off tens of thousands of dollars in student loans. 

It’s not shocking news that there is an increasing need for schools to provide digital, mobile, and contactless payment options to their students. Generation Z (born between 1996 -2012) now makes up a large percentage of college students. This younger generation is much more comfortable with financial technology. Tapping their credit card for a contactless